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System: hongling

Description:

Type of Trading: Real

Broker: Oanda

Started: Apr 07, 2014

Views: 143

Tracking: 1 users

Currency Pairs: AUDUSD, EURUSD, GBPJPY, GBPUSD, NZDUSD, USDCAD, USDJPY[/one_half]

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[quote bcolor=”#06afe8″ arrow=”yes” width=”100%”][icon type=”vector” icon=”fa-icon-cogs” size=”32″ hover_animation=”border_increase” ]Essentials: The hongling system has made 124 trades with an average winning trade of 18.84 pips / , the average losing trade around -106.55 pips / and an average trade length of 21h 56m.

The best trade it ever had was (Dec 11) 102.3 in pips and the worst trade was (Mar 26) -240.1 in pips.

It has won (57/63) 90% of its attempted buys and (56/61) 91% of its attempted sells.[/quote]

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Pros & Cons

[one_half]Pros

[list icon=”enotype-icon-thumbs-up” align=”left” icon_color=”#4cb218″ ]Its average win is larger than 10 pips which is usually a good thing.,[/list][/one_half]Cons

[one_half_last] [list icon=”enotype-icon-thumbs-down” align=”right” icon_color=”#e31616″ ]Uses a potentially huge and dangerous stop loss.,Prone to large drawdowns.,Bad risk:reward ratio. Stop loss is more than 2x the take profit.,

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